CA Real Estate Finance Course » 2021 » Sec 9 Unit 5 Exam
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ CA Real Estate Finance Course ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
Sophia’s annual property taxes are $1,295, and her annual insurance premium is $942. How much of her monthly mortgage payment goes toward taxes and insurance?
A.
$232.12
B.
$107.91
C.
$186.42
D.
$78.5
Question #2
If the annual taxes on a property are $1,000, how much is paid monthly?
A.
$67.82
B.
$76.54
C.
$84.27
D.
$83.33
Question #3
What does the “T” in PITI stand for?
A.
Taxes
B.
Tariff
C.
Term
D.
Territory
Question #4
Remy’s mortgage payment is $1,256.28. His annual property taxes are $809, and his annual insurance premium is $712. How much of his payment goes toward the principal and interest?
A.
$1,256.28
B.
$1,521.56
C.
$1,129.53
D.
$1,126.75
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ CA Real Estate Finance Course ] course for $25 USD.
Existing Quiz Clients Login here